Report of the Finance Committee
The report of the Finance Committee shall be made on this form, or one revised and adapted by the Annual Conference. Numbers in parentheses refer to paragraphs of the 2012 Book of Discipline
.
Copies of this report should be filed with the recording secretary, pastor, district superintendent and chairperson of the committee on finance
Conference
District
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Please Select
Central
East
New Church Start
North
South
West
Church
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Charge
Email
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For the period beginning January 1, 2015, and ending
Date of Charge Conference
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Month
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Day
Year
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I. ORGANIZATION
1.a. Has the committee been organized according to the 2012 Book of Discipline (¶258.4)?
Yes
No
b. Names of officers?
Chairperson
Vice-Chairperson
Treasurer(s)
Financial Secretary
II. BUDGET AND COMMITMENT PLAN
2.a. Has the committee submitted to the Church Council, or its equivalent, a complete budget for the ensuing year?
Yes
No
If not, why not?
b. Did the committee give the Church Council an opportunity to request financial support for recommended ministries (¶258.4)?
Yes
No
If not, why not?
3. How frequently does the Financial Secretary/Treasurer send members and contributors regular reports of their giving?
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Monthly
Quarterly
Semi-annually
Annually
Never
Other
4. Is giving by individual participants in the local church regularly reviewed?
Yes
No
If not, why not?
5. What are the plans for raising sufficient income to meet the budget adopted by the Church Council (¶258.4)?
6. Does the Financial Secretary/Treasurer report regularly to the Church Council on the giving trends in the church/charge?
Yes
No
If not, why not?
III. THE HANDLING OF CHURCH FUNDS
7. Does the Treasurer regularly make reports to the Committee on Finance and the Administrative Board (or its equivalent) on the financial position of the church (¶ 258.4b)?
Yes
No
If not, why not?
8. Are all benevolences and other connectional funds remitted monthly to the conference treasurer (¶258.4b)?
Yes
No
If not, why not?
9.a. What bank(s) have been designated by the Church Council as a depository (¶258.4d)?
b. Are all accounts FDIC insured and in amounts at or below the current FDIC insurable limit?
Yes
No
If not why not?
c. Are all accounts in the name of the church?
Yes
No
If not, why not?
10.a. Has the committee established written financial policies to document the internal controls of the local church (¶258.4d)?
Yes
No
b. Have these policies been reviewed by the committee and found to be adequate and effective (¶258.4d)?
Yes
No
c. Has a copy of the policy been filed with your district office?
Yes
No
11. Are the church offerings counted by a counting committee in accordance with the mandates of the Discipline (¶258.4a)?
Yes
No
If not, why not?
12. Are all funds deposited promptly in accordance with procedures developed by the Committee on Finance (¶258.4a, d)?
Yes
No
If not, why not?
13. Are financial officers of the church bonded (¶258.4b)?
Yes
No
If not, why not?
14.a. Have the financial records of the church and all its organizations been audited for the prior fiscal year (¶258.4c)?
Yes
No
If not, why not?
c. Were there any recommendations or exceptions?
Yes
No
d. If there were recommendations or exceptions, how has the church addressed them?
e. Please send a copy of the full audit report to your district office
Finance Chair
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Date:
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Month
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Day
Year
Date
Submit
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